The bank's London listed shares plunged nearly 15pc after New York’s top financial regulator claimed “flagrantly deceptive actions” by the British bank left the US “vulnerable to terrorists, weapons dealers, drug kingpins and corrupt regimes”.

US government regulators claim that this British-based bank “schemed” with Iran to conduct secret transactions worth $250bn (£160bn).

Read THIS and be amazed at just how low banking - especially British banking - can go in the search for ever-higher profits.

A few years ago the British banking system was the showpiece of the world, but in recent years we have seen more dishonesty and illegality from our banks than ever before.

Should we be ashamed ? I think that we should !

I am forced to ask....Can we trust any of our banks with our money any more ?

They are adamant that they did not break any of the rules of the international trading of dollars but I am sure that if there is fire where there is definitely smoke we are going to find that this British bank are going to get hammered by the Iran-hating Americans.